Envestnet Portfolio Solutions Inc. Has $3.27 Million Stake in British American Tobacco p.l.c. $BTI

Key Points

• Envestnet Portfolio Solutions Inc. significantly increased its stake in British American Tobacco by 459.5%, owning 69,070 shares valued at approximately $3.27 million as of the latest SEC filing.
• Multiple institutional investors have also raised or established positions in British American Tobacco, collectively owning 16.16% of the company's stock, highlighting increased interest from hedge funds.
• A mix of analyst ratings exists for the stock, with five analysts rating it as a Buy, while others have assigned Hold or Underperform ratings, indicating a divided outlook.

Envestnet Portfolio Solutions Inc. raised its position in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 459.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 69,070 shares of the company's stock after purchasing an additional 56,725 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in British American Tobacco were worth $3,269,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rosenberg Matthew Hamilton lifted its position in shares of British American Tobacco by 87.0% in the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock worth $25,000 after purchasing an additional 280 shares during the period. Golden State Wealth Management LLC lifted its position in shares of British American Tobacco by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 610 shares of the company's stock worth $25,000 after purchasing an additional 305 shares during the period. Mather Group LLC. lifted its position in shares of British American Tobacco by 292.7% in the 1st quarter. Mather Group LLC. now owns 644 shares of the company's stock worth $27,000 after purchasing an additional 480 shares during the period. Pandora Wealth Inc. acquired a new position in shares of British American Tobacco in the 1st quarter worth approximately $32,000. Finally, CX Institutional acquired a new position in shares of British American Tobacco in the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 16.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BTI shares. Royal Bank Of Canada downgraded shares of British American Tobacco from a "sector perform" rating to an "underperform" rating in a research report on Tuesday, September 2nd. Jefferies Financial Group started coverage on shares of British American Tobacco in a research report on Wednesday, July 9th. They set a "buy" rating on the stock. Wall Street Zen downgraded shares of British American Tobacco from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Argus upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating and set a $62.00 price objective on the stock in a report on Monday, September 8th. Finally, Morgan Stanley restated an "underweight" rating and set a $40.00 price objective on shares of British American Tobacco in a report on Friday, August 15th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, British American Tobacco currently has a consensus rating of "Hold" and a consensus target price of $51.00.

British American Tobacco Stock Performance

BTI opened at $50.80 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The company's fifty day moving average price is $55.09 and its two-hundred day moving average price is $49.31. British American Tobacco p.l.c. has a 1-year low of $34.17 and a 1-year high of $59.29. The company has a market cap of $104.38 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 3.54 and a beta of 0.42.

About British American Tobacco

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.

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